Singapore Airlines (SIA) profits set to fly?
Singapore airlines reported a bumper profit in the first quarter, and with demand expected to continuing picking up it sets the tone for future earnings.
European Open: German inflation reports in focus, brent hits resistance
Several regional inflation report are released for Germany at 09:00 which ca provide a lead on what to expect for the German and eurozone inflation reports.
Singapore swing, anyone?
We’ve noticed an interesting technical lsetup on USD/SGD, although with the FOMC meeting just hours away it could be a make or break moment for the setup.
Gold steady ahead of FOMC - potential breakout in focus
Gold is holding above support ahead of today's FOMC meeting, and shows the potential for a continuation breakout.
European Open: FTSE falters at resistance, gold steady ahead of FOMC
Another reversal pattern has formed at a key resistance level on the FTSE 100, whilst gold shows the potential for a continuation breakout.
Alibaba set for wider appeal with primary Hong Kong listing
Alibaba rose around 6% during Asian trade after announcing its intention to apply for a primary listing in Hong Kong.
European Open: Are geopolitical tensions set to push oil prices higher again?
With oil prices having fallen over 20% from their highs and Russia set to close gap supplies once more, we see the potential for oil to hit bid again.
Commitment of traders report (COT): Bulls return to the yen
Whilst traders remain heavily net-short Japanese yen futures, we’ve taken note that gross longs have risen to their highest level since March 2021.
European Open: A slight risk-off vibe is apparent, WTI below 200-day eMA
We begin the week with a slight risk-off vibe, with ongoing concerns that the US is heading towards a recession.
Wall Street looks past weak economic data, PMI’s up next
More economic data points to further weakness for the US economy, it hasn’t prevented key stock market indices enjoying a countertrend bounce.
European Open: Has gold finally found a floor?
We warned of potential support in yesterday’s gold wrap report, and price action since appears promising that a swing low is in the making – at least over the near-term.